Currier Museum Of Art
Currier Museum of Art faces recurring operating deficits despite substantial assets.
EIN: 20223322 · Manchester, NH · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.8M |
| Total Expenses | $10.4M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $92.4M |
| Transparency Score | 70/100 |
Is Currier Museum Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Currier Museum Of Art directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Currier Museum Of Art
Currier Museum Of Art (EIN: 20223322) is a nonprofit organization based in Manchester, NH, classified under NTEE code A510. The organization reported total revenue of $29.8M and total assets of $97.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Currier Museum Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Currier Museum Of Art is a large nonprofit that has been operating for 105 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $10.4M |
| Surplus / Deficit | $-5,731,618 |
| Total Assets | $93.2M |
| Total Liabilities | $783K |
| Net Assets | $92.4M |
| Operating Margin | -122.4% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 107.4 months |
Financial Health Grade: B
In 2023, Currier Museum Of Art reported a deficit of $5.7M with expenses exceeding revenue, holds 107.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Currier Museum Of Art's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.9% | +34.5% | +0.9% |
| 2022 | -45.6% | +15.8% | -14.4% |
| 2021 | +39.5% | -42.4% | +21.1% |
| 2020 | +82.5% | +40.7% | -8.4% |
| 2019 | -57.7% | -5.7% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1921 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Currier Museum Of Art with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Currier Museum Of Art allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, which is unusual for an organization of this size with nearly $100 million in assets and annual expenses often exceeding $7 million. This suggests that compensation for key officers may be reported under other expense categories or that these positions are genuinely uncompensated, warranting further clarification for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Currier Museum Of Art's IRS 990 filings:
- Recurring operating deficits, with expenses frequently exceeding revenue (e.g., 202306: $10.4M expenses vs. $4.6M revenue).
- Unusual reporting of 0% for officer compensation across all filings, potentially obscuring executive pay details.
Strengths
The following positive indicators were identified for Currier Museum Of Art:
- Strong asset base, consistently around $97 million, providing significant financial stability.
- Low liabilities relative to assets (e.g., 202306: $783,336 liabilities vs. $93.1M assets), indicating good financial management of debt.
- Consistent filing history (13 filings), demonstrating commitment to IRS compliance and transparency.
Frequently Asked Questions about Currier Museum Of Art
Is Currier Museum Of Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Currier Museum Of Art (EIN: 20223322) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Currier Museum Of Art spend its money?
Currier Museum Of Art directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Currier Museum Of Art tax-deductible?
Currier Museum Of Art is registered as a tax-exempt nonprofit (EIN: 20223322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Currier Museum Of Art CEO make?
Currier Museum Of Art's highest-compensated officer earns $100 annually. The organization reported $29.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Currier Museum Of Art's spending goes to programs?
Currier Museum Of Art directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Currier Museum Of Art compare to similar nonprofits?
With a transparency score of 70/100 (Good), Currier Museum Of Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Currier Museum Of Art located?
Currier Museum Of Art is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20223322. It is classified under NTEE code A510.
How many years of IRS 990 filings does Currier Museum Of Art have?
Currier Museum Of Art has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $29.8M in total revenue.
Why does the Currier Museum of Art consistently report 0% for officer compensation?
The consistent reporting of 0% for officer compensation across all 13 filings is unusual for an organization of this scale. It suggests that either officers are uncompensated volunteers, or their compensation is categorized differently within the IRS 990, which could obscure a complete picture of executive pay.
What is the long-term strategy for addressing the recurring operating deficits?
The museum has experienced operating deficits in multiple recent periods, such as 202306 (expenses $10.4M vs. revenue $4.6M) and 202206 (expenses $7.7M vs. revenue $6.6M). A clear strategy for increasing revenue or controlling expenses is crucial for long-term financial stability, especially given the reliance on a substantial asset base.
How does the museum ensure its substantial assets are effectively utilized for its mission?
With assets consistently around $97 million, the museum possesses significant financial resources. Understanding how these assets, likely including an endowment, are managed and drawn upon to support programs and operations, particularly during periods of operating deficit, is key to assessing their impact.
Filing History
IRS 990 filing history for Currier Museum Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Currier Museum Of Art's revenue has declined by 4.4%, moving from $4.9M to $4.7M. Total assets decreased by 11.5% over the same period, from $105.3M to $93.2M. Total functional expenses rose by 45.5%, from $7.2M to $10.4M. In its most recent filing year (2023), Currier Museum Of Art reported a deficit of $5.7M, with expenses exceeding revenue. The organization holds $783K in liabilities against $93.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $92.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $10.4M | $93.2M | $783K | — | View 990 |
| 2022 | $6.7M | $7.7M | $92.3M | $573K | — | View 990 |
| 2021 | $12.3M | $6.7M | $107.9M | $396K | — | View 990 |
| 2020 | $8.8M | $11.6M | $89.1M | $903K | — | View 990 |
| 2019 | $4.8M | $8.2M | $97.3M | $423K | — | View 990 |
| 2018 | $11.4M | $8.7M | $98.7M | $367K | — | View 990 |
| 2017 | $8.6M | $6.7M | $97.8M | $380K | — | View 990 |
| 2016 | $5.3M | $8.3M | $92.1M | $372K | — | View 990 |
| 2015 | $7.1M | $6.7M | $101.5M | $328K | — | View 990 |
| 2014 | $4.7M | $6.7M | $104.0M | $316K | — | View 990 |
| 2013 | $10.3M | $10.7M | $102.8M | $7.9M | — | View 990 |
| 2012 | $2.9M | $6.1M | $100.8M | $9.0M | — | View 990 |
| 2011 | $4.9M | $7.2M | $105.3M | $9.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $10.4M, and assets of $93.2M (revenue -29.9% year-over-year).
- 2022: Revenue of $6.7M, expenses of $7.7M, and assets of $92.3M (revenue -45.6% year-over-year).
- 2021: Revenue of $12.3M, expenses of $6.7M, and assets of $107.9M (revenue +39.5% year-over-year).
- 2020: Revenue of $8.8M, expenses of $11.6M, and assets of $89.1M (revenue +82.5% year-over-year).
- 2019: Revenue of $4.8M, expenses of $8.2M, and assets of $97.3M (revenue -57.7% year-over-year).
- 2018: Revenue of $11.4M, expenses of $8.7M, and assets of $98.7M (revenue +31.9% year-over-year).
- 2017: Revenue of $8.6M, expenses of $6.7M, and assets of $97.8M (revenue +62.1% year-over-year).
- 2016: Revenue of $5.3M, expenses of $8.3M, and assets of $92.1M (revenue -24.7% year-over-year).
- 2015: Revenue of $7.1M, expenses of $6.7M, and assets of $101.5M (revenue +50.3% year-over-year).
- 2014: Revenue of $4.7M, expenses of $6.7M, and assets of $104.0M (revenue -54.3% year-over-year).
- 2013: Revenue of $10.3M, expenses of $10.7M, and assets of $102.8M (revenue +256.0% year-over-year).
- 2012: Revenue of $2.9M, expenses of $6.1M, and assets of $100.8M (revenue -41.1% year-over-year).
- 2011: Revenue of $4.9M, expenses of $7.2M, and assets of $105.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Currier Museum Of Art:
Data Sources and Methodology
This transparency report for Currier Museum Of Art is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.